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In 3 years, APC busy spreading poverty in Nigeria – Olawepo-Hashim

Presidential candidate of the Peoples Trust ((PT), Mr Gbenga Olawepo Hashim, said on Sunday that the ruling All Progressives Congress (APC) can no longer be trusted with power because it has been busy spreading poverty across Nigeria in its three and a half years in office.

Olawepo-Hashim, who stated this in an interactive session with newsmen said that the poor economic management strategy of the APC has led to greater poverty amongst Nigerians in the last three and a half years.

He said: “APC’s woeful failure has put 88million Nigerians into acute poverty. 1.1 million got into that bracket in the last four months despite relatively high oil price.”

According to him, Nigerians are getting poorer because of the woeful economic management strategy or lack of it by the APC government, adding that “even though Nigeria was not a prosperous economy when President Buhari took over, Nigerian economy has now gone from bad to worse.”

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He stated that the recent revelation by the Brooklyn Institute that 88 million Nigerians now live under “acute poverty is disappointing, especially that a new 1million more Nigerians moved into the poverty bracket within the last four months.”

He also stated that the data from youth unemployment and job losses are indicative of the feeling that the APC has a covenant with poverty and misery. “There is no reason for this when oil prices are high,” he said.

He promised to cut down acute poverty by half in the country, within five years of his election as president and commander-in-chief, and then set the nation’s economy on the path of modernization and all round development.

He stated: “Our new Nigerian Economic Development plan will create a 4 trillion dollars GDP in 10 years by the Grace of God. We target to net five per cent of Global infrastructure funds in 10 years by removing obstacles to investments and rapidly increase the ease of doing business in Nigeria.

“We will promote an innovative economy by protecting proprietary rights of innovators and the sanctity of agreement. We will integrate Agriculture, Solid Mineral Sector with industries and increase manufacturing share of the GDP to 40 per cent and then tackle unemployment through industry based jobs.”

He added that his mission remains “the transformation of Nigeria’s economy from a poor 510 billion dollar economy to a four trillion dollar economy within 10 years, the reduction in poverty and the restoration of peace, unity and stability in Nigeria, a country that the ruling party has badly mismanaged.

“I am therefore better placed to bring the country back together. I am most assured I can get the job done given my record of accomplishment” he said with a high of confidence, adding “I will restructure the economy from a dependent one to a self-reliant economy by investing in iron and steel, research and development, and in other critical sectors,” he said.

Speaking further on his economic agenda, the presidential hopeful said that the critical sectors to be touched will “the include chemical and machine tools, so as to generate the production of capital goods, local capital and to bring in prosperity, through the needed multipliers.”

Besides, he said that the NEDP as an economic policy will also increase the Per Capital Income (PCI) of the average Nigerian to between 16,000 to 18, 000 US dollars within ten years adding that with that, Nigeria will be at par with middle-income countries like Malaysia, “with whom we had comparable income level at independence.”

He further stated that the NEDP would equally target the injection of an estimated $2 trillion US dollars into infrastructure within ten years. It will also create jobs from manufacturing, industrialization, while linking up industries with solid minerals and the agricultural sector.

According to him, the agricultural sector will be integrated with the industrial and solid mineral sectors, to create sustainable jobs for youths, while employment would also be accelerated through the promotion of innovation and the knowledge economy.https://www.tribuneonlineng.com/172209/

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